Axis Ecorp is set to offer its first lot of luxury suites in the coveted North Goa, near the rapidly developing MOPA region. (Representative photo)
Through this partnership, Axis Ecorp targets a total revenue of up to Rs 100 crore in the current financial year.
Axis Ecorp, which is into the premium holiday homes and second homes segment, has announced a tie-up with Fractional Ownership Investment Community (FOIC) and Moneytree Realty to enter the fractional ownership segment. Through this, Axis Ecorp targets a total revenue of “up to Rs 100 crore in the current financial year”.
“Under this collaboration, Axis Ecorp is set to offer its first lot of luxury suites in the coveted North Goa, near the rapidly developing MOPA region. This exclusive offering provides a rare opportunity for discerning investors to own a portion of these high-end suites, bringing luxury living within reach in one of India’s most desirable destinations. The subscription window will be open for only a limited period to the first 200 subscribers. FOIC will oversee the property management, ensuring world-class service and maintenance, while Moneytree Realty will spearhead subscriber acquisition,” Axis Ecorp said in a statement.
The fractional ownership model is rapidly gaining traction in India, providing investors with a cost-effective way to own high-value assets. According to a recent report by property consulting firm JLL, the fractional ownership market in India is projected to grow over ten times and exceed $5 billion by 2030.
Axis Ecorp aims to leverage this burgeoning trend, targeting revenues of up to Rs 100 crore through this initiative within the current financial year. With three additional lots planned, the company is committed to democratising access to luxury real estate, according to the statement.
Aditya Kushwaha, CEO and director of Axis Ecorp, said, “With this fractional ownership model, we are not just selling luxury suites; we are offering a dream lifestyle and a solid investment opportunity to every aspiring homeowner in the tourism capital of the country.”
Sachin Arora, founder and director of Moneytree Realty, said, “Partnering with Axis Ecorp on this groundbreaking initiative allows us to bring a unique and high-return investment in luxury real estate to the forefront, ensuring our subscribers benefit from this emerging trend.”
Tarandeep Singh, director at FOIC, said, “Our expertise in property management ensures that investors will benefit from top-notch maintenance and service. We are eager to expand further into the fractional ownership space with this and other projects.”
